Thanks. QQQQ according to that graphic every $10 rise in Brent is a 0.5% loss in GDP. So looking at a chart of Brent I see from 9/30/11 to 10/14/11 Brent went from $98 to $108 and has stayed around that price since. So that GDP loss of 0.5% is still in effect.

WORKING FOR LESS; U.S. Manufacturing Gains Jobs as Wages Retreat - NY Times

"The wages for the new hires, however, are $10 to $15 an hour less than the pay scale for hourly employees already on staff — with the additional concession that the newcomers will not catch up for the foreseeable future. Such union-endorsed contracts are also showing up in the auto industry, at steel and tire companies, and at manufacturers of farm implements and other heavy equipment, according to Gordon Pavy, president of the Labor and Employment Relations Association and, until recently, the A.F.L.-C.I.O.’s director of collective bargaining.

The shrunken pay scale for newcomers — $12 to $19 an hour versus $21 to $32 an hour for longtime workers — threatens to undo the middle-class status of even the best-paid blue-collar jobs still left in manufacturing"

The market for corporate borrowing through U.S. commercial paper (FCPOTOTS) dropped to the lowest level in two months as investors reduced holdings of banks’ short-term IOUs on concern that Europe’s fiscal crisis is spreading.

The seasonally adjusted amount of U.S. commercial paper outstanding fell $27.2 billion to $959.3 billion in the week ended Dec. 28, the fourth consecutive decline, the Federal Reserve said today on its website. That’s the biggest weekly decrease since the period ended Sept. 7, bringing the market to the lowest since Oct. 19.

U.S. money-market mutual funds, among the biggest buyers of commercial paper, are reducing short-term obligations from financial institutions, which are also increasingly wary of the risks of lending to each other. Euro-area banks parked 452 billion euros ($591 billion) of overnight deposits with the Frankfurt-based European Central Bank on Dec. 27, the most since the euro’s introduction in 1999 as financial strains in the region persisted.

Ireland’s European benefactors should take steps to create a firewall around the nation, as its prospects remain “fragile” amid the escalating euro-region debt crisis, the International Monetary Fund said.

The crisis may hamper Irish economic growth, increase the cost of re-entering bond markets and make it harder for the country’s banks to sell off assets, the Washington-based fund said today in its fourth review of Ireland’s bailout program.

...Firewall....nah. When I was very small the old ones spoke of having to go to the poorhouse...I think all the PIIGS, at the least, will find themselves living there.

" More than 2.5 million voters have left the Democratic and Republican parties since the 2008 elections, while the number of independent voters continues to grow.

A USA TODAY analysis of state voter registration statistics shows registered Democrats declined in 25 of the 28 states that register voters by party. Republicans dipped in 21 states, while independents increased in 18 states.

The trend is acute in states that are key to next year's presidential race. In the eight swing states that register voters by party, Democrats' registration is down by 800,000 and Republicans' by 350,000. Independents have gained 325,000."

Look - I'm going to be clear about Au & Ag... In the end, they're going to find a way to come for it... THEY WANT IT FROM YOU... TRUST ME... (I really think, based on what I've observed over the past 2 weeks, that A LOT of small time coin dealers will be put out of business in the next 9 months or so, if (& as) a technical "paper" correction on spot PM prices is capable of being manufactured)... In some ways (& in my thinking), it would not be all that different from the way they managed to 'weed out' weaker financial institutions (Bear, Merrill, Wachovia, Lehman, etc.) years before... Only difference is that this time the target will be towards physical PM dealers...

Less avenues to deal with = easier to control...

Frankly - It's probably not in anyone's best interest to own any PM's because it's not like you're ever going to get rich owning them (as it'll probably end up that the day that it becomes priceless [which is probably NOW], is the day that it'll probably be declared illegal to OWN, TRANSACT WITH, or transactions involving such can only be done with the government & they'll tell you what it's worth [not unlike annexing property])...

So cv's WHOLE RHETORIC on this is probably a bunch of bullshit in the end...

As well... my rhetoric towards 'trading' is probably also a bunch of bullshit (as it represents the ONLY GAME IN TOWN...

My final logic simply flows from the "finality" of acceptance that I've reached that despite the profit & loss "wins & losses", It's really just Monopoly money that everyone is playing with at this point...

The SMARTEST PEOPLE IN THE ROOM (to me), are the ones who can figure out a way to convert that Monopoly money into some set of hard assets that will be useful to make a living out of when the BANKERS (of the Monopoly game) decide to rake all the little plastic houses & hotels away, take away the little tokens, fold up the board, & put it on the shelf...

The Euro can't fail... Not that it WON'T, but it would be a HUGE blow to the NWO if the Euro would fail...

I know it's hard for peeps on this blog to get a grasp on that (because most of you basically give me a "BWAHAHAAHAHAHA" coupled with raspberries whenever I talk NWO)...

Why?

Because y'all think that the NWO is the "tooth fairy"... Whether it IS or ISN'T is not important to anyone here... It's easier to just call cv a lunatic rather than try and think about what might be happening...

Frankly... I HAVE NO FUCKING CLUE if a NWO exists... I hear conspiracies & give them their due... I mention them in front of an audience & get called a crackpot... I try to take the middle road (offering logical skepticism)...

But I gotta say... In my own observation of things... Over a long period of time... I've come to a conclusion... Whether NWO exists or not, I'm CONVINCED that there are actually groups WHO WOULD LIKE this "idea" to come to fruition...

Worse... They seem to have done a fairly good "marketing" job... I only have to come to this blog and read comments by bloggers (who I actually have a high opinion of) talk about "markets" & "prices" every day as if this were, like, 1995 all over again to understand that IF THERE IS a NWO... They've done their PR job very well...

Anyway... Back to "Euro can't fail" concept...

For anyone with half a brain... The EURO is (was) always the 'beta project' of the NWO... If they could get that to work, then "next up" was ONE WORLD GOVERNMENT (all the intermittent wars & skirmishes & regime changes are a sideshow to this, but also part of it)...

I'm NOT saying success is guaranteed... BUT IT'S SURE AS HELL what the the small group of perpetrators are hoping to create... And what is that?

Simply said... A TOLLBOOTH... A unified system where all the debt that has been accumulated in the history of mankind eventually gets bought by (or handed over to) a small group... Then, they use a projection of force to TAX future payments on that debt out of you... FOREVER... It's too messy to have multiple currencies, multiple exchange arbitrage mechanisms, & all that to create the rightful settlement bureau... So it has to be homogenized... The EURO was the first large scale attempt at that (owing also to the cross-cultural implications)...

Anyway... moving closer to the NWO desire of a "one world currency"... Euro:Gold, in this phase of the operation, is the "Correlation du jour"...

I'm not saying ANYTHING is a foregone conclusion at this point... I'm only saying that attempts to "spare" the Euro (if, only by means of perception & distinction), will be given 100% effort...

& I expect GOLD to stay hitched to that wagon...

IOW...

If "the dollar" represents US hedgemony

Euro:Gold represents NWO hedgemony (or, more simply, if the Euro fails... I mean REALLY fails... Then the NWO will suffer a setback in their plans... Stay tuned...

I have been doing a little more reading than usual this week, wife is out of town, and I'm hiked out.

I think as the weeks have progressed in 2011, that I wouldn't be surprised to see a global recession for 2012. I think Europe, which after all has a greater population than the US, will have a deep recession. Even Mish commented on this today, and I live with a woman who still thinks we may be in a depression since 2008.

The only thing I can offer is that the US is set up for people who are self-employed. I was the poorest kid in my class, and have worked for myself since I got out of the army and finished college. Wasn't easy but anything you can do along that line will help you.

cv, have to run... but I was think'n a recession started a few months ago, but I"m not an expert on this sort of things. Just see stuff in some of the charts I make.

Still saving every extra penny, and since I still live on the road (company paid) I'll buy land/house when I think we're close to a bottom. Thought 2011 was going to be the bottom but now think it may be next or the year after. (subject to change of course) I wanna be 100% debt free.

About gold, we differ I know but it has been working in my favor... so far...

I'm sure that all can be explained real easy... I'll do my best 'Nouriel Roubini' here...

"Gasoline, Gold, & Guns are in a BAUBLE"...

So by that logic (over a decade)... I'm assuming that it was all just a FEAR TRADE... That now... You know... That the economic crisis has passed (due to expert management by central bankers policymaking worldwide)... That people are going to start SELLING their gold & guns, creating a worldwide glut...

Tomorrow night... OPEN YOUR WINDOWS... That roaring noise you'll hear (as well as all those 'bangs') will be people driving their vehicles around and shooting off all their spare ammo in the air in CELEBRATION of the anticipation of the SPY going to 140 next year & all the fiats they'll be expecting to flood into their electronic UNREHYPOTHECATEABLE trading accounts...

"The only thing I can offer is that the US is set up for people who are self-employed. I was the poorest kid in my class, and have worked for myself since I got out of the army and finished college. Wasn't easy but anything you can do along that line will help you."

My TRUE thoughts (vis-a-vis the above charts) should be interpreted (by any 'deeper thinking' individual) as being INVERSE to how they are presented...

That is...

The fallacy (IMO) is in looking at "gold prices", or "gasoline prices" as being higher...

INSTEAD... It's representative of THE DOLLAR as being worth 'less & less' as time goes by (which shouldn't be hard to understanding considering the value of the doller since it was born in 1913)...

So the question... REALLY... Is to ask yourself WHY you would determine to calculate your actual WEALTH as denominated by tradeable little Pokemon cards that continue to be moving towards a value of ZERO (& have consistently performed in this direction over a period of almost 100 years)...

But to your point...

I do wish you well, & hope that in 2012 (or sometime soon), you will be able to part with LESS of your stack of Pokemon cards to acquire that piece of land than you would have had to do in the past...

Maybe then you'll have a few stacks of the cards left to get a generator &/or other things that will make that land & that home liveable...

Bruce won't have to worry... He's already got the land & the Prius... & soon, Bruce will be able to replace the battery to the Prius with a new technology "wood gasification" engine...

PS... I can't help it guys... YES... I actually do AMUSE myself with these ruminations... (& the only reason 'karen' doesn't come around to post - even after a week where cv doesn't post anything - is because she's doubled up in LAUGHTER over my sense of humor and can't reach the keyboard)... lol

What an unbelievable co-incidence that all those E-TRADE babies should have battled amongst themselves to such a draw...

I can't wait to sell any physical assets I might have (by Tuesday), and transfer it all to an electronic trading account, because I feel... I MEAN REALLY FEEL... That I'll make a difference next year (along with my decision to support Obama)...

"The only thing I can offer is that the US is set up for people who are self-employed. I was the poorest kid in my class, and have worked for myself since I got out of the army and finished college. Wasn't easy but anything you can do along that line will help you."

Amen to that concept.

x2~~

cv--

"self-reliant"/"self-employed" is a, bit of a, Hair Split, no?

this: "INSTEAD... It's representative of THE DOLLAR as being worth 'less & less' as time goes by (which shouldn't be hard to understanding considering the value of the doller since it was born in 1913)..."

though, should give, many, cause for consternation..

the hand-over, to the FedRes, of our Monetary Sovereignty has made the 'whole' "Marketplace" suspect..to the point that, now, "We" are All Suspects..

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This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

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"The Shawshank Redemption"

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This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."